PETOSKEY, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE CARDIAC INSTITUTE, founded in 2008, is a micro nonprofit in the Health Care sector that reported $64K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $64K, a strong 100% operating margin.
OUR MISSION IS TO HELP PEOPLE TO LIVE LONGER, HEALTHIER LIVES WITH DIGNITY, AND TO USE ALL OF OUR RESOURCES TO GIVE THEM EVERYTHING THEY EXPECT AND DESERVE IN COMPREHENSIVE CARDIOVASCULAR CARE FOR THEIR FAMILIES AND THEMSELVES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $63,887 | $73,067 | -0.1% |
| Expenses | $20 | $1,044 | -1.0% |
| Net Income | $63,867 | $72,023 | -0.1% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SHARI SCHULT | SECRETARY/VP OPERATIONS - PART YEAR | 2.00 |
Officer
Director
|
$0 | $13,719 | $261,623 |
| MICHAEL PRUSAITIS | TREASURER/VP OF FINANCE/CFO | 2.80 |
Officer
Director
|
$0 | $32,264 | $336,090 |
| DAVID MONAN | VP PATIENT SVCS CNO | 1.00 |
Officer
Director
|
$0 | $27,522 | $204,625 |
| GARFIELD ATCHISON | CHAIRMAN & PRESIDENT/CEO | 1.00 |
Officer
Director
|
$0 | $2,770 | $35,615 |
| BRENT MALLEK | VP HUMAN RESOURCES - PART YEAR | 2.80 |
Officer
|
$0 | $13,601 | $289,790 |
| JULIE JAREMA | VP PHILANTHROPY | 1.00 |
Officer
|
$0 | $27,594 | $217,408 |
| ANDREW MCDONAGH | VP - CMO - PART YEAR | 1.00 |
Officer
|
$0 | $38,573 | $409,675 |
| JOHN KENNEDY | VP - CMO - STARTED 2024 | 1.00 |
Officer
|
$0 | $0 | $0 |
| TODD BURCH | CHAIRMAN & PRESIDENT/CEO - PART YEAR | 1.00 |
|
$0 | $33,953 | $568,373 |
| JENNIFER WOODS | FORMER SECRETARY & VP PATIENT CARE | 2.00 |
|
$0 | $729 | $36,324 |
| LAURA DANIEL | FORMER VP OF PATIENT SVCS CNO | 1.00 |
|
$0 | $10,024 | $138,173 |
| DEBBIE ROSENBURG | FORMER VP OF HUMAN RESOURCES | 2.80 |
|
$0 | $0 | $126,357 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $63,887 | $20 | $1,362,108 | $63,867 |
| 2023 | $73,067 | $1,044 | $1,313,414 | $72,023 |
| 2023 | $73,067 | $1,044 | $1,313,414 | $72,023 |
| 2022 | $167,154 | $2,380 | $1,360,586 | $164,774 |
| 2021 | $13,380 | $3,150 | $1,813,867 | $10,230 |
| 2020 | $183,331 | $27,258 | $2,390,019 | $156,073 |
| 2019 | $117,089 | $2,937 | $2,631,586 | $114,152 |
| 2018 | $56,216 | No data | $1,627,828 | No data |
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